STT State Street Corporation

State Street Corporation (NYSE: STT) today announced the pricing of its previously announced offering of $2.5 billion, or 35.7 million shares, of common stock. State Street has also granted the underwriters an option to purchase up to 5.4 million additional shares of common stock. The offering is being conducted as a public offering registered under the Securities Act of 1933, as amended. The offering was priced at $70 per share. State Street estimates that the net proceeds from the offering will be approximately $2.4 billion, after deducting estimated expenses and underwriting discounts and commissions (or approximately $2.8 billion, if the underwriters exercise in full their option to purchase additional shares). State Street intends to use the net proceeds from the offering for general corporate purposes. Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated are joint book-running managers for the securities offering. Goldman, Sachs & Co. will serve as the syndicate trading manager and settlement agent for the offering. Credit Suisse Securities (USA) LLC, Lehman Brothers Inc. and UBS Securities LLC are co-managers for the securities offering. State Street has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement (and the supplement thereto) and other documents State Street has filed with the SEC for more complete information about State Street and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by contacting Goldman, Sachs & Co.'s prospectus department at 85 Broad Street, New York, NY 10004, e-mail: prospectus-ny@ny.email.gs.com, telephone: (212) 902-1171, facsimile: (212) 902-9316, or Morgan Stanley & Co. Incorporated's prospectus department at 180 Varick Street, 2nd Floor, New York, NY 10014, e-mail: prospectus@morganstanley.com, telephone: (866) 718-1649. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. State Street Corporation (NYSE: STT) is the world�s leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading.